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How to register a construction company in Pakistan

By Xtremes Marketing | Published Mar 24 2022 5:51AM

How to register a construction company in Pakistan

Suppose you have a construction company or contractor who works in the construction industry field. In that case, you should know more about "How to register a construction company in Pakistan?" Several government organizations and related procedures are required when it comes to the registration of construction companies in Pakistan. 

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Why you should register your construction company in Pakistan

To start work on any of the construction projects by the civil or government authorities without obtaining a NOC (no-objection certificate) from the SECP (Securities and Exchange Commission of Pakistan), FBR (Federal Board of Revenue), and PEC (Pakistan Engineering Council). The registration process makes your construction company lawful and secure inside the construction industry of Pakistan.

 

Three phases of How to register a construction company in Pakistan

To register your construction company in Pakistan, you need to process three different stages involving three various institutions, which are as follows:

  • Register your construction company in Pakistan with the SECP (Securities and Exchange Commission of Pakistan)

  • Registration of your construction company in Pakistan with the FBR (Federal Board of Revenue)

  • Registration of your construction company in Pakistan with the PEC (Pakistan Engineering Council)

 

How to register a construction company in Pakistan

SECP (Securities and Exchange Commission of Pakistan)

The SECP (Securities and Exchange Commission of Pakistan) functions as this degree of financial regulatory authority for businesses and completed Pakistan. It would take about 1.5 months or 45 days on average to complete the process registration of your construction company inside Pakistan.

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There are three steps when it comes to the registration of your construction company inside Pakistan with the SECP (Securities and Exchange Commission of Pakistan):

 

1.   Business Name Reservation - Business Name Reservation application

Like any other developed institution inside Pakistan, the SECP (Securities and Exchange Commission of Pakistan) is equipped with an e-portal.

  • Sign up on the online portal of the SECP (Securities and Exchange Commission of Pakistan) and propose some names for your business or company.

  • There is also an option for processing names through the 'SECP Online Company Name Search.

  • After you submit the proposed names for your business, the registrar will finalize the name for your business.

  • P (Securities and Exchange Commission of Pakistan) takes a day when it comes to issuing the 'Company Name Reservation CerCertificate.

  • You would be able to receive the 'Company Name Reservation Certificate' through toe postal services or by yourself from the nearest CRO (Company Registration Office).

 

2.  Preparation and Submission of Documents to the Construction Company

The following documentation will be essentially required for the registration of your construction company inside Pakistan:

  • Memorandum of Association – You have to highlight the name and address of your construction company inside Pakistan. Also, make sure elaborate more about the working principles of your construction company inside Pakistan.

  • Articles of Association – A documentation having the relevant definition of how your construction company will function or operate inside Pakistan.

  • Filing Fee – The filing fee for your construction company depends upon the size and capital of your business. If you register your construction company inside Pakistan, you would need a minimum of PKR 1,800 if your company has a capital of PKR 1 lakh through the online submission portal and PKR 3,500 if you are filling through the offline submission procedure.

 

Documents Required:

The scanned copies of the board of directors' national ID cards or CNICs.

  • If the submission is through offline means or by hand submission, you should also attach the scanned bank deposit receipt.
  • The documentation should be made attested by the respective personnel.
  • If the documentation occurs through the SECP (Securities and Exchange Commission of Pakistan) e-portal, you should submit the documentation in PDF format.

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3.   Issuance of Certificate of Incorporation

For working in the construction industry, you would be required to have the issuance of a certificate of incorporation. National Institutional Facilitation Technologies (NIFT) can provide you with a certificate of incorporation that includes a digital signature for your construction company. The National Institutional Facilitation Technologies (NIFT) evaluates and then verifies your documentation.

 

Registration of your construction company in Pakistan with the FBR (Federal Board of Revenue)

For registration of your construction company in Pakistan with the FBR (Federal Board of Revenue), you would be required to provide the FBR (Federal Board of RClicke) with the below can mention retransformation related to your construction company in Pakistan.

 

Documentations required for submission to the FBR (Federal Board of Revenue)

  • National Tax Number documentation inside Pakistan. click to know how to file an income tax returns in Pakistan 

  • You would be required to have proof of company registration.

  • There is also a requirement to submit a memorandum of association.

  • Also, you would need to submit articles of association.

  • Your Bank account number is associated with your construction company in Pakistan.

  • The scanned copies of the board of directors' national ID cards or CNICs.

  • Your business address or office address.

 

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Registration of your construction company in Pakistan with the PEC (Pakistan Engineering Council)

If you are not a contractor, registration with the FBR (Federal Board of Revfor) would be eh. Registration of your construction company in Pakistan with the PEC (Pakistan Engineering Council) would be compulsory if you are a contractor. Registration of your construction company with the PEC (Pakistan Engineering Council) would allow you to receive the no-objection certificate (NOC) for working on civil or government construction contracts.

 

Categories for registration

There are different categories for registration of your construction company on PEC (Pakistan Engineering Council): C-A, C-B, C-1, C-2, C-3, C-4, and Cand C-6.

Registration of the construction company in Pakistan with the PEC (Pakistan Engineering Council) in the diffenroll categories depends upon the approved revenue and the number of emcees or engineers working in the company etc.

  • The Central Enrolment Committee (CEC) processes and approves the following categories of construction companies inside Pakistan: C-A, C-B, C-1, C-2, C-3, and C-4.
  • The Regional and Branch Offices enroll Committees (REC) process and approve the following categories of construction companies inside Pakistan: C-5 and C-6.

  • There is specific documentation required to be submitted to the PEC (Pakistan Engineering Council):

  • You must submit the application form to the PEC (Pakistan Engineering Council).

  • The scanned copies of the board of directors, partners, and shareholders' national ID cards or CNICs.

  • The submission of the fee payment voucher.

  • The bank statement for last year or Audited Financial Statement certified by a Chartered Accountant

  • Copy of NTN (National Tax Number) or registration number certificate of your construction company.

  • You will also be quite red to list the machinery and equipment owned by your construction company.

  • If your construction company's a contract agreement with the machinery supplier, you are also required to submit it to the PEC (Pakistan Engineering Council).

  • The hierarchy or organizational chart of the construction company in Pakistan is signed by the CEO (Chief executive officer).

  • A notarized certificate of sole proprietorship OR Copy of the partnership deed and FORM C, depending on the company.

  • The certificate of incorporation of your construction company inside Pakistan.

  • Also, submit an undertaking from the CEO/directors/partners on stamp paper of PKR 100.

 

 

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